Quantitative Model Analyst

U.S. Bank • Cupertino, CA

5h • Hybrid

About The Position

U.S. Bank is seeking a Quantitative Model Analyst in Cupertino, California. The role validates and independently reviews financial and risk models used in business decision-making, including credit risk and other quantitative and statistical models supporting banking products and services. It evaluates model conceptual soundness, performance, implementation, ongoing monitoring, assumptions, methodologies, results, data integrity, and overall effectiveness to ensure alignment with business and risk management requirements.

The analyst conducts periodic validation and revalidation across financial model types and portfolios using quantitative and statistical tools; identifies model limitations, performance issues, and risk exposures; and documents findings, conclusions, and recommendations. The role communicates validation results and risk assessments to model owners, business stakeholders, and management, escalates issues, and tracks remediation actions. It also prepares formal validation reports and supporting documentation in line with internal governance and regulatory requirements, participates in model governance, and contributes to improvements in validation processes, documentation standards, and related controls. The position may allow working from home within commuting distance of the worksite.

The position requires a master’s degree in Statistics or Mathematics and at least one year of relevant experience. The role requires experience with financial and risk models in a regulated commercial bank environment, credit risk models, statistical and financial analysis, regulatory and internal reporting, model validation and governance, programming and analytical tools, and reporting tools. The position is not eligible for visa sponsorship.

Requirements

• Master’s degree in Statistics or Mathematics.
• At least 1 year of experience as a Quantitative Model Analyst or in a related role.
• At least 1 year of experience developing, implementing, and analyzing financial and risk models in a regulated financial environment at a commercial bank.
• At least 1 year of experience developing and maintaining credit risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD).
• At least 1 year of experience with regression analysis, time series analysis, scenario analysis, and model performance testing supporting credit risk and capital planning activities.
• At least 1 year of experience supporting regulatory and internal financial reporting processes, including CCAR and CECL stress testing.
• At least 1 year of experience analyzing portfolio performance and economic data across commercial and consumer lending products.
• At least 1 year of experience preparing model governance, validation support, and regulatory documentation.
• At least 1 year of experience evaluating model assumptions, methodologies, and results and identifying model risks and limitations.
• At least 1 year of experience supporting model monitoring and remediation activities with model owners and model risk management.
• At least 1 year of experience documenting model development and governance activities in formal reports.
• At least 1 year of experience using Python, SQL, and SAS.
• At least 1 year of experience using Tableau and Power BI in large-scale data environments.

Responsibilities

• Validate and independently review financial and risk models used in business decision-making, including credit risk and other quantitative and statistical models supporting banking products and services.
• Evaluate model conceptual soundness, performance, implementation, ongoing monitoring, assumptions, methodologies, results, data integrity, and overall effectiveness.
• Conduct periodic validation and revalidation across multiple financial model types and portfolios using quantitative and statistical tools.
• Identify model limitations, performance issues, and risk exposures.
• Document validation findings, conclusions, and recommendations.
• Communicate validation results and risk assessments to model owners, business stakeholders, and management.
• Escalate issues and track remediation actions.
• Prepare formal validation reports and supporting documentation in accordance with internal governance and regulatory requirements.
• Participate in model governance activities and contribute to enhancements of validation processes, documentation standards, and related controls.
• Support model monitoring and remediation activities with model owners and model risk management.

Benefits

• Healthcare coverage, including medical, dental, and vision
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation, from two to five weeks depending on salary grade and tenure
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law
• Incentive and recognition programs
• Equity stock purchase
• 401(k) contribution and pension, subject to eligibility requirements

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level